Comstock Resources, Inc. Announces Successful Well at Double A Wells Field
FRISCO, Texas, Jan. 3 /PRNewswire/ -- Comstock Resources, Inc. (NYSE: CRK) ("Comstock" or the "Company") today announced the results of a successful field extension well drilled in the Company's Double A Wells field located in Polk County, Texas. Comstock recently drilled the Jackson AA#1 to test the northern producing limits of the field. The well was drilled to a total depth of 13,990 feet and was completed in the upper Woodbine formation through perforations from 13,873 to 13,899 feet. The well's natural completion was tested at 8,983 thousand cubic feet of natural gas per day and 696 barrels of condensate per day (13.2 million cubic feet of natural gas equivalent per day) flowing on a 16/64 inch choke at 7,500 psig flowing tubing pressure. Comstock owns a 52% working interest and is the operator of this new well.
Comstock drilled 11 successful wells in or near the Double A Wells field in 2000. The Company plans to utilize two drilling rigs continuously throughout 2001 to drill approximately 20 prospects in and around the Company's Double A Wells field in its Southeast Texas region.
This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes that the expectations in such statements to be reasonable, there can be no assurance that such expectations will prove to be correct.
Comstock Resources, Inc. is a growing independent energy company based in Frisco, Texas and is engaged in oil and gas acquisitions, exploration and development primarily in Texas, Louisiana and the Gulf of Mexico. The Company's stock is traded on the New York Stock Exchange under the symbol CRK. SOURCE Comstock Resources, Inc.
CONTACT: Roland O. Burns, Sr. Vice President and Chief Financial Officer of Comstock Resources, Inc., 972-668-8800/